Stifel Nicolaus Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its target price increased by analysts at Stifel Nicolaus from C$135.00 to C$144.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 13.74% from the stock’s previous close.

Several other equities analysts have also commented on STN. National Bankshares upped their price objective on shares of Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday. Desjardins boosted their price objective on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research report on Wednesday. TD Securities boosted their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, CIBC increased their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Trading Up 5.6 %

Shares of TSE:STN traded up C$6.67 during trading on Wednesday, reaching C$126.60. 504,362 shares of the company were exchanged, compared to its average volume of 230,142. The firm has a market capitalization of C$14.43 billion, a PE ratio of 42.25, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$103.48 and a 12-month high of C$126.60. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The business’s fifty day simple moving average is C$112.05 and its 200-day simple moving average is C$113.28.

Insider Activity

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by company insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.